Blog

North Shore Real Estate Market Update

Blog by June Conway | July 3rd, 2019

In West Vancouver, there were 30 sales in the month of June. The sales to new listings ratio was 23% which represents a buyer’s market. For June 2019, the sales to total active listings percentage was 5.4%, which is slightly more than the 5.3% from June 2018. Sales for June 2019 were down by 3 units compared to June 2018.

The West Vancouver listing inventory has decreased by 69 homes compared to June 2018. The average price year-to-date (YTD) is down by 6% compared to June 2018. The West Vancouver median price increased by $20,429 from May 2019 to June 2019 ($2,628,571 to $2,649,000).

In North Vancouver, there were 82 sales in the month of June. The sales to new listings ratio was 54% which represents a seller’s market. For June 2019, the sales to total active listings percentage was 19%, an increase from 18% in June 2018. Sales for June 2019 were up by 2 units compared to June 2018.

The North Vancouver listing inventory has decreased by 25 homes compared to June 2018. The average price year-to-date (YTD) is down 8% compared to June 2018. The North Vancouver median price decreased by $20,006 from May 2019 to June 2019 ($1,500,006 to $1,480,000).